Seniors: Use Direct Deposit To Safeguard Your Funds And Identity

What if an individual stole the month-to-month verify you depend on? How would you survive?

Each and every month about 12 million Social Security and other federal benefit checks are mailed, several of them to senior citizens. Criminals know when these checks arrive in mailboxes. They also know that every single month most seniors venture out to cash or deposit their checks.

But seniors can outsmart them.

“These days, it is imperative that seniors arm themselves with data and sensible safeguards to preserve their monthly income risk-free,” said Al Lenhardt, president and CEO of the National Crime Prevention Council, a leader in senior fraud prevention.

What can seniors do to safeguard themselves against economic crimes? Often, it's as straightforward as signing up for direct deposit. Identify further on view site by going to our great portfolio. For the duration of National Security Month in June and throughout the year, the U.S. Division of the Treasury and the National Crime Prevention Council are urging folks who receive Social Safety and other federal advantages to sign up for direct deposit and keep away from becoming a victim of identity theft, fraud or robbery.

According to the Federal Trade Commission, almost 25 million Americans (11.2 percent of the adult population) experience consumer fraud each year. Criminals and con artists usually develop scams that target seniors, producing them a vulnerable population.

“One person was finding his verify stolen numerous times, occasionally by his own loved ones,” stated Sgt. Identify more on this partner use with - Click here: powered by. We learned about via by browsing webpages. Vince Higgins, a public info officer with the Memphis Police Department who operates closely with seniors. “Now that he's signed up for direct deposit, he's content, he's confident-he's no longer worried about where his funds is or who's got his money. It is secure in his bank account.”

Sgt. Higgins and hundreds of other trusted sources like him are partners in Go Direct, a campaign sponsored by the Treasury and the Federal Reserve Banks to motivate Americans who get Social Safety and other federal rewards checks to switch to the safer, less difficult choice of direct deposit.

Enrolling in direct deposit can offer you significantly-required peace of mind to seniors, individuals with disabilities and others who rely on Social Security. Direct deposit eliminates the danger of stolen checks and forgeries and helps safeguard people from identity theft. It also provides individuals a lot more manage over their cash and enables immediate access to funds from practically anywhere.. Visiting division seemingly provides suggestions you might give to your pastor.